As part of the Islamic Development Bank (IsDB) Group 2025 Annual Meetings, a high-level strategic meeting was held between ICIEC and DZ BANK AG to explore synergies and foster future collaboration. ICIEC was represented by Mr. Yasser Alaki, Director of Business Development, and Mr. Bessem Soua, Manager of the SSAE Division, while DZ Bank AG was represented by Mr. Alexander Franke, Group Head of Export & Agency Finance. The discussion focused on shared geographic priorities, complementary business strategies, and concrete #opportunities for partnership in export finance. The meeting marked a positive step towards strengthening institutional ties and unlocking new avenues for impactful #cooperation. #ICIEC #DZBank #IsDBGroup #TradeFinance #ExportCredit #StrategicPartnership #DevelopmentFinance #IntraOICTrade #PrivateSectorDevelopment #2025IsDBGroupAMs
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
Financial Services
Jeddah, KSA 10,317 followers
A member of IsDB Group providing commercial & political risk mitigation & credit enhancement solutions.
About us
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is a member of the Islamic Development Bank (IsDB) Group. The driving ambition behind the creation of ICIEC was to strengthen the economic relations between member countries of the OIC on the basis of Islamic Shari'ah. ICIEC’s vision is to be recognized as the preferred enabler of trade and investment for sustainable economic development in Member Countries. Its mission is to facilitate trade and investment between member countries and the world through Shariah-compliant risk mitigation tools.
- Website
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https://iciec.isdb.org
External link for The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Jeddah, KSA
- Type
- Nonprofit
- Founded
- 1994
- Specialties
- Export Credit Insurance, Investment Insurance, and Reinsurance
Locations
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Primary
Alnuzlah Al Yamaniyah
King Khalid Road
Jeddah, KSA 21454, SA
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Office 1501, Sobha Sapphire,
Al Khaleej Al Tejari Street 2, Business Bay
Dubai, 114462, AE
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IDB Group Regional Office,
18 Boulevard de Republique,
Dakar, 6253, SN
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IDB Group Country Gateway Office,
NO:1 , Kat:31 Daire:122 Maslak,Sariyer, Istanbul- Turkey
Istanbul, TR
Employees at The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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Lotfi Zairi
Head of Sovereign Division at The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) - IsDB Group
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Shaiful Kamarul
Sr. Country Manager @ ICIEC | Chartered Accountant
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Dr. Moataz Zawam
Lead Underwriter at Islamic Corporation for the Insurance of Investment and Export Credit - Islamic Development Bank
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Mushtak Parker
Director, Economist, Columnist, Writer
Updates
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The AMAN UNION successfully held its 29th Executive Council Meeting on May 20, 2025, in Algiers, #Algeria, on the sidelines of the Islamic Development Bank (IsDB) Group 2025 Annual Meetings. This high-level gathering brought together the Executive members of AMAN Union members to discuss the #agenda presented by the General Secretariat, including strategic developments, presentation of the Union’s 2025 activities as well as the 3-year working plan, and other initiatives led by the General Secretariat, such as capacity building and the database center #project. AMAN UNION is a professional forum of commercial and political risk #insurers from the #Arab and #Islamic world, committed to promoting #cooperation and best practices in export #credit and investment #insurance. Key discussions focused on enhancing collaboration, knowledge exchange, and joint initiatives to boost trade and investment in member countries. #AMANUnion #ExecutiveCouncil #IsDB2025 #TradeInsurance #InvestmentInsurance #RegionalCooperation #Algiers
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On the sidelines of the Islamic Development Bank (IsDB) Group 2025 Annual Meetings, Dr. Khalid Khalafalla, CEO of ICIEC, held a strategic meeting with H.E. Mr. Shukhrat Vafaev, Deputy Minister for Investments and Foreign Trade of Uzbekistan and IsDB/ICIEC alternate Governor. The discussion focused on enhancing the partnership between ICIEC and #Uzbekistan, with a view to expanding #support for key national projects and exploring ways to leverage ICIEC’s risk mitigation #solutions. Both sides emphasized the importance of establishing a #sustainable cooperation framework to unlock future opportunities and drive impactful development across priority sectors. #ICIEC #Uzbekistan #IsDB2025 #DevelopmentPartnership #TradeAndInvestment
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During the 2025 Islamic Development Bank (IsDB) Group Annual Meetings, ICIEC met with senior executives from Sumitomo Mitsui Banking Corporation (SMBC), including Mr. Walid Sarieddine, Executive Director and Head of Islamic Finance—Middle East, and Mr. Mohamed Diabi, Executive Director and Head of Structured & Trade Finance—Middle East. The discussions focused on potential avenues for strategic #cooperation, with both sides expressing strong interest in forging short- and long-term #partnerships. Several opportunities were identified where ICIEC’s risk mitigation and #insurance solutions could support #SMBC’s growing regional footprint. Follow-up #engagements are planned to explore these #opportunities further and shape a framework for impactful collaboration. #2025IsDBGroupAMs #ICIEC #Partnerships #IslamicFinance #TradeFinance #RiskMitigation #SustainableDevelopment #IsDBGroup Islamic Development Bank (IsDB)
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على هامش الاجتماعات السنوية لمجموعة البنك الإسلامي للتنمية 2025، التي تحتضنها الجزائر للمرة الثالثة، أجرى الدكتور خالد يوسف خلف الله، الرئيس التنفيذي للمؤسسة الإسلامية لتأمين الاستثمار وائتمان الصادرات ، لقاءً خاصًا مع التلفزيون الجزائري الرسمي. خلال اللقاء، أكد الدكتور خالد يوسف خلف الله على التزام المؤسسة بدعم خطط الجزائر لتعزيز صادراتها نحو الأسواق الإقليمية والعالمية، من خلال حلول التأمين المبتكرة والمتوافقة مع الشريعة الإسلامية، مشيرًا إلى أن الجزائر تُعد شريكًا استراتيجيًا مهمًا ضمن رؤية المؤسسة الإسلامية لتأمين الاستثمار وائتمان الصادرات الهادفة إلى تمكين الدول الأعضاء من تحقيق تنمية تجارية واستثمارية مستدامة. كما أوضح أن وجود المؤسسة الإسلامية لتأمين الاستثمار وائتمان الصادرات في الجزائر يأتي في إطار تنفيذ الخطة العشرية لمنظمة التعاون الإسلامي، التي تضع ضمن أولوياتها تمكين الاقتصادات الوطنية من الاندماج في سلاسل القيمة العالمية. 📌 شاهد اللقاء الكامل عبر الرابط التالي: 🔗 https://lnkd.in/dRFtNbvX #ICIEC #الجزائر2025 #دعم_الصادرات #البنك_الإسلامي_للتنمية #منظمة_التعاون_الإسلامي #تنمية_مستدامة #تعزيز_الاستثمار #تمكين_الأسواق
لقاء خاص - د خالد خلف الله - الرئيس التنفيذي للمؤسسة الإسلامية لتأمين الإستثمار و إئتمان الصادرات
https://www.youtube.com/
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During the 2025 Islamic Development Bank (IsDB) Group Annual Meetings, Dr. Khalid Khalafalla, CEO of ICIEC, held a high-level meeting with Hon. Md Shahriar Kader Siddiky, Secretary, and Hon. Mohammad Hasan Arif, Additional Secretary of the Economic Relations Division, Ministry of Finance, Bangladesh. The discussions focused on advancing strategic initiatives, reviewing ongoing collaboration, and identifying new #opportunities to #support Bangladesh’s development priorities. Both sides reaffirmed their strong commitment to deepening the #partnership and accelerating impactful, joint efforts that contribute to sustainable economic #growth in #Bangladesh and the wider region. #2025IsDBGroupAMs #ICIEC #Bangladesh #StrategicPartnership #SustainableDevelopment #IsDBGroup
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📢 ICIEC Releases Annual Development Effectiveness Report (ADER) 2024! Themed “Scaling Impact, Deepening Resilience”, the 2024 ADER highlights ICIEC’s continued development impact across Member States in support of attaining the United Nations #SDGs. This #edition showcases how ICIEC’s risk mitigation #solutions are enhancing #resilience, facilitating trade and #investment, and driving #sustainable growth. 📄 Read the full report: https://lnkd.in/dbiF8b8q #ICIEC #ADER2024 #ScalingImpact #DevelopmentFinance #SDGs #IslamicFinance #Report #2024
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Session #Highlights | CEOs’ Session at PSF 2025 Today’s session in #Algiers brought powerful dialogue and real solutions to the forefront. Together, the CEOs from ICIEC, Islamic Corporation for the Development of the Private Sector (ICD), International Islamic Trade Finance Corporation (ITFC), WAIPA, and AAPI mapped out a bold path forward — tackling financing barriers, enabling regional trade #integration, and mobilizing #investment for sustainable #growth. From #Algeria’s role as a strategic #trade hub to the importance of partnerships across #Africa and the #Arab world, this session set the tone for transformative #impact. Thank you to all #participants, #partners, and attendees who made this dialogue a success. Let's keep the momentum going! #PSF2025 #Impact #Finance #IntraOICTrade #DevelopmentMatters #2025IsDBAMs #ExportCredit #CreditInsurance #IslamicFinance
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At the #PSF2025 Awards, held on the occasion of the 2025 Islamic Development Bank (IsDB) Annual Meetings, ICIEC proudly recognized Deutsche Bank with the “Best Foreign Investment #Insurance Deal” of the Year. The award was presented by ICIEC CEO Dr. Khalid Khalafalla, in celebration of the bank’s outstanding contribution to sustainable #healthcare development. 🏥 The featured #deal involved a EUR 149 million #Murabaha facility arranged for Côte d’Ivoire’s Ministry of Finance, supporting the #construction of regional hospitals in #Kong and #Odienne. With 95% NHSFO insurance from ICIEC, the facility will enable 377 new #hospital beds—mitigating investment risk and strengthening the country’s health #infrastructure. 👏 Congratulations to Deutsche Bank for driving impactful investment through Islamic finance! #ICIEC #PSFAwards #ForeignInvestment #DeutscheBank #InvestmentInsurance #IslamicFinance #OIC #SustainableDevelopment #PSF2025 Islamic Finance News
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From finance to #impact. In #Uzbekistan, small businesses are getting a vital boost—through a USD 20M #Shariah-compliant credit facility extended to AloqaBank, structured by Mopane Securities Plc and backed by ICIEC. This strategic injection of #capital is unlocking fresh opportunities for local enterprises to #grow, #hire, and #innovate. 🏆 At #PSF2025, ICIEC honored the deal with the Best Trade Credit #Insurance Deal #award. With 95% insurance coverage, it’s more than #financing—it’s a catalyst for #jobs, industrial renewal, and economic #transformation. 👏 Congratulations to Mopane Securities and all partners empowering sustainable growth through Islamic finance! #IslamicFinance #TradeCredit #ICIEC #MopaneSecurities #OIC #SustainableGrowth #PrivateSector #PSFAwards
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